Options Entity Setup Processing Notes

Entities trading Options need two specific pieces of data, which can be populated using Create/Edit Entity.

• Net Option Positions (639)
  • No: the same Option contract can be opened either long or short, and contracts are always shown as positive numbers in Eagle Accounting
    • Long/Short Indicator (15) will be L or S
    • Short positions have negative units in Data Management
    • Transaction elections in Book Trade are Buy, Write, Sell, and BuytoCover
  • Yes: Option positions are always held long, with short positions represented by negative quantities
    • Long/Short Indicator will always be L
    • Short positions have negative units in Data Management
    • Transaction elections in Book Trade are Buy and Sell
• Options and Futures Expiration Delay Days (12101): if there is no entry, Eagle Accounting will auto-expire the Option on expiration date, preventing entry of an exercise trade on that date